Many state governments have devoted a great deal of resources over the past decade to mitigating and responding to climate change through energy and urban planning related efforts. Planners and energy experts are fluent in the language of sustainability, adaptation, resiliency, and mitigation. But ask an economic development official what climate change means to them and it’s possible that they can barely utter the word. Many in the business community have feared that climate change will simply mean more costly equipment upgrades to reduce greenhouse gas emissions. In too many communities, time is still spent debating the veracity of climate science instead of recognizing the impacts already occurring. Economic development officials have a responsibility to help businesses understand the greater implications of climate change – how they can protect themselves from the effects of climate change; how they could develop new products or services in response to climate change; and how they should prepare themselves to recover from climate-related events. Continue reading “Preparing your Local Economy for Climate Change”
During our projects across the United States this past year, Fourth Economy has come across a number of initiatives for supporting local manufacturers and boosting the local economy. One approach gaining popularity is the state-based “Made In” branding and associated database of the state’s manufacturing businesses.
Today, Fourth Economy will be meeting with Rhode Island’s Governor Chafee, members of the legislature, and other stakeholders to discuss the findings of our Economic Development Data Analysis and Assessment. The report comes after two months working closely with the Rhode Island Economic Development Corporation, the Statewide Planning Program, and the Office of Regulatory Reform as part of a larger Sustainable Communities Regional Planning Grant. The report analyzes Rhode Island’s business climate, industry clusters, regulatory environment, financial resources, and marketing efforts. Continue reading “Fourth Economy Releases Economic Development Data Analysis & Assessment for Rhode Island”
Governor Chafee Announces Next Action Step in Development of an Integrated Plan to Mobilize State and Community Assets for a Better Rhode Island
January 14, 2013 (Providence, R.I.) – Governor Lincoln D. Chafee today announced the next action step in a multi-agency effort over the next two years to develop an integrated approach for the state to land use, transportation, housing, and economic development. Through an open Request for Proposals (RFP) issued November 7, 2012 by the Rhode Island Economic Development Corporation (RIEDC), in collaboration with the Division of Planning’s Statewide Planning Program, Rhode Island has selected a consulting team to compile economic data, analyze the state’s regional performance, and identify strengths and possible ways to improve Rhode Island’s economy. Continue reading “National Firm Selected to Perform Economic Data Analysis on RI’s Competitive Strengths, Areas of Improvement as Part of Sustainable Communities Initiative”